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. it is an anomaly. is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi drivers have been told
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
term will be how does he get some kind of bipartisan momentum going, particularly on the economy and this is your wheelhouse right now. you've got some pretty firm ideas about how to prevent the fiscal cliff becoming a reality. tell me about that. >> well, we need to avoid the fiscal cliff. as the nonpartisan congressional budget office said, it will reduce gdp by almost 3% and keep in mind it's only 2% now so that means going negative, going back to recession. they predicted that unemployment would go back over 9% which would be terrible, obviously, and many other negative consequences. so they should do at least a temporary extension so they can buy themselves a little time for the new congress to get organized and new administration to get settled, and then get this thing solved as quickly as possible after that. so with the financial services roundtable, we asked them to bridge over with some extensions but then tackle it. that's going to have to include the president stepping forward and willingness to reform entitlement programs and on the republican side, they'll need to l
important issue was. the economy was way up on top, almost 3/5ths of people said the economy was the number-one issue. the percentage who said that foreign policy was the most important issue was down in the single digits. that is not the driver. foreign policy is usually not the biggest driver. it is worth noting that those voters who said that foreign policy was the most important issue, president obama won that group. host: that made for about 5%. the economy, 59% put that as the most important issue. federal budget deficit, 15%. talk about how the health care law played into voters' attitudes? 18% said it was the most important issue. guest: that is an important thing. almost one in five voters said that health care was the most important issue. the president won roughly three- quarters of that vote. throughout the republican primaries, the issue of obamacare was a huge rallying cry. in 2010, the republicans won some big victories because of anger on the part of conservative voters about the president's health-care law. by the time you get to this election, you see this turnaround were
everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi
on the economy could be catastrophic. president obama delivers a big economic speech in about eight hours, and he wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats an
sector is still on a capital strike. if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of the private sector. there is a real dilemma at the center of what he wants to do, and that is why i think we will be looking at gridlock for a little while. connell: okay. dagen: as always, be well. connell: we talked about the dow today being down a little bit, but nothing like yesterday. traders are calling it an obama sell-off, but the thing is, the polls consistently showing the president and the lead going into the election. why wasn't all that price did? brian jacobson. what do you think? >> i think it was partially priced in. it was basically a dead heat going in
to go over the fiscal cliff and see the economy gumbel before the majority of the people -- crumble before the majority of the people realize how much trouble we are in. i have end-stage renal failure and on medicare and receive disability each month. i do dialysis three times a week. that said, i will willingly and gladly take reduction in my benefits if it means we can reduce our deficit. i have two young nieces, and i'm looking out for their financial future. in fact, if i knew that taking away all of my benefits would get rid of our debt, i'd do that today. mr. president, hear tony's plea. don't take us over the fiscal cliff. tony and his nieces need you to lead. they need it now. i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from illinois, mr. gutierrez, for five minutes. mr. gutierrez: mr. speaker, i'm here today to make an introduction. i'd like the republican party to meet america's latinos. it's hard to meet us all at once. there are more than 53 million of us. but let me tell you a little bit about who we are and what
an address from the east room of the white house about the economy and reducing the deficit. it is a speech republicans will be watching closely coming up and to the lame-duck session. as reluctant that battle and beyond, we want to hear about your top priorities for the second term. how successful do you think he will be at addressing them? give us a call on the democratic 585-3880.- republicans 202-585-3881. independents 202-585-3882. a very good morning to you. a lot of discussion about the president's second term and what needs to be addressed and the near and long term. we want to hear from you, but we will point out a few headlines. this from "the wall street journal." also from "the washington post." the front page of the commentary section of "the washington times." also, we want to point you to the front page of the business section of "the new york times." a front-page article on the difficult decisions involving the housing market. i want to bring you to the front page of "bloomberg busines sweek." that is a picture of president obama perhaps what he might look like four years fr
. >> host: so the powerful faces in the book to me or their rickety economy but if you could explain a little more clearly. >> guest: in a competitive market the government would set the rules and as the germans do with what they call the liberalism adjust the rules as the businesses play the rules you are not going to have protection but you have to make sure the playing field because the market will figure out best who should succeed in the capitalist market to head towards monopoly or duopoly that getting bigger and bigger and bigger and when that happens when you get is the ones you are a monopoly or duopoly come you don't want to invest in innovation you just want to mind the market and to rent seeking by which they mean earning profits greater than you would get in the market economy. when you add to that all of these rules and regulations in the book and every chapter as i am sure you've read things you haven't read in the news media show how again and again and again the market is being rigged but this is terrible and helps explain why in the economic doldrums we don't have t
to the economy. >> and that is a huge deal. the fact that president bush is still getting blamed for the economy is something that clearly is showing up in those poll numbers. lou: we appreciate it. thank you. great work last night. president obama winning a second term as his party added to its majority in the senate, counting independent democrats could have a caucus of 55 members up from 53. among the most closely watched races, a democrat elizabeth warren beating republican incumbent senator scott brown. and in indiana, the democratic congressman, jim donnelly, defeating richard. in missouri democratic incumbent successfully fought off a challenge by congressman taught a kid who was not able to recover from comments about women's bodies and pregnancies of an absurd nature. well, in virginia democrat tim kane defeated former fellow governor george allen in thh most expensive senate race in the country. more than $82 million spent on the race. in the house republicans retain their majority with at least 2303 seats. the democrats' 192. ten races have yet to be called. the republicans 233 seats
. if we want our economy to flourish and grow we must live up women's leadership. very important. women in the academic world, in health care, any subject you can name. is more successful, more efficient with the involvement of women. when women came to the polls last week, they registered their support for those who understood the challenges that women face. it is really a remarkable thing. under the leadership of the women standing here, the voices of america as mothers, daughters, and grandmothers will be heard. women are the bread winners for our families. in many cases, the small business owners in our communities. and the workers that will spur our prosperity. they're holding jobs of the office, creating jobs as entrepreneurs and owners. we keep our focus on women's rights and health, equal pay, choice, we also know that women are focused on the same issues all of us are -- the economy, jobs, the future of the middle- class and the national security of our country. they are concerned about fiscal soundness for america because they think about the future. as we move forward to deba
the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
it is a slope, it is going to hurt the economy. it's not going to happen overnight, we're not going to go into a major recession overnight, but, you know, the democrats clearly don't want to sacrifice unemployed workers and, you know, and the economy as a whole to, you know -- and so that's where they're vulnerable. and this is hypersimplified. i mean, i don't even -- you know, the tax increase is not just a bush tax cut, but it's a payroll tax cut, and unemployment is another big factor there, the extended unemployment. so the, you know, sort of a point -- okay. well, okay, i'm going to skip ahead, but just a couple of points to be made here. you know, economists are all glad that now -- or keynesians are glad that there's an implicit, you know, that the whole discussion around the fiscal cliff implies that you're a keynesian, that you really believe the economy's going to go south if you, if you close the deficit even though it's not usually stated in those words. you know, a couple of details are, you know, yes, generally speaking all else equal you reduce the deficit, you will have, y
that's ever been reelected, and if his job really is to lower unemployment and raise the economy, if that's really what he wants, i don't think it is. i think he's a doctrine, big government, socialistic guy. but if he wants to help the economy, it's to cut government spending. balancing the budget doesn't matter if the budget is real high. >> he's taken -- he proposes to take money out of the private sector. $1.6 trillion, which kind of came out yesterday or the day before, blew everybody's mind. but how do you see this? stock market falling after the reelection. i know there are many factors in the stock market. but my question is this, t.j. from your vantage point out there and from your vantage point philosophically, what do you think the president wants to do? what do you think people reelected him to do? >> well, i'm not sure they reelected him to do anything. there's been a lot of blather about the obama mandate. the fact is it was an obama squeaker and if the republicans had put up a better candidate as ronald reagan got put up against jimmy carter, president obama would
. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act. eamon javers joins us now with the details. good evening, eamon. >> reporter: good evening, larry. as you say, we're getting news tonight we're going to get dueling appearances tomorrow between speaker john boehner and president barack obama. the speaker will address a crowd of reporters at 11:00 in the morning. he will take questions from the press. we're told obama will speak at 1:00 in the east room of the white house and will not take questions from reporters. there will be an audience there, but he will not be taking questions. meanwhile, we're getting this report out today from the cbo, which is laying out the scenario of just how bad things would be if we go over the fiscal cliff. let me give you a couple of the key bullet points here. the cbo saying if we go over the cliff the gdp would drop by 0.5% in 2013. it could decline in the first half of th
national defence, history, the u.s. economy. a television series based on winklevoss is currently in development as well. we are pleased to welcome juan williams to hear about his newest book, winklevoss which in this case will be from 1898 -- winklevoss -- a patriot's history of the modern world. >> thanks so much to heritage foundation for inviting me here. it is an honor and one i wish my daughter was alive to see. heritage is one of those bastions of liberty in a sea of collectivism. you probably didn't know you are getting somebody here that was the previous rock drummer. this later became significant as a learning experience when i began working on this film but all along my experiences in the rock band were pretty informative. i tell my students i know all about communism because i was in a rock band. we shared everything, has nothing and starving. when mike allen and i wrote a patriot's history of the united states in 2004 we identified three major elements that made up americanism. nevertheless we never provided a definition of american exceptionalism and tearing the revi
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
that what voters care for our jobs and the economy. immigration is either number two or number 3 on their list of things that they care about. it is much higher in places like arizona. it is the number two issue among hispanics. my sense has been that i do not think hispanics always want to be associated with immigration. it is difficult to separate the immigration conversation from them because it is so integral to their lives. 60% of hispanic voters know somebody personally that is undocumented and they could be dating that person or it could be there brother or father. i have talked to people about this. hispanic advocates tell me that it is hard to separate immigration from them. that could change if there is a revolution. they are the driving force behind it. host: a couple of facts from the pew center. people ages 98-29, the youth -- people ages 18-29 make up about a third of all eligible hispanic voters. guest: this is an issue that is closer to their hearts. host: the projected population growth among the latino community. made up of about 17% of the population in 2011. i
to affect real change. get the economy back in line. get america back on the feet. >> greg: andy levy said something to me. we were at a bar drinking, 25% of the population that wants free stuff. another 25% that wants to give them free stuff. that is 50%. conservatives have to come up with a message that fights the idea of free stuff. that says that free will and free country cannot exist if you are dependent on the government for free stuff. >> bob: don't make it that simplistic. >> greg: democrats do. >> bob: it includes people on social security and medicare. you to deal with that. it's not people asking for handout. they put money away, expecting they were going to get it back. this is not an entitlement -- >> greg: how did that work out? >> bob: the reality is they still get it. we have to borrow and pay it. >> eric: will there be more or less people on food stamps four years from now? >> bob: far fewer. >> eric: that's not been the course. >> bob: the economy will change -- >> kimberly: i hope you are right. >> dana: in listening to president obama's speech last night and talking ab
on how people are surviving. >>> now the election is over and time to focus on the economy. what the president is doing about that today on his friday, november 9th. >>> and thank you for joining us. a long week. >> you think about so much going on the nor'easter, the election, we have been with you every morning. tgif! [ laughter ] >> you want to know what the weather will be like. a lot of spots over that and we're meeting that. 38 degrees. and the winds will slowly start to calm down. nothing like we felt the day before that. >>> the we'll stay this way throughout the day and plenty of sunshine. temperature at 53 degrees. megan and charlie over to you. >>> workers are attempting to fix that water main break. they made some progress by digging up the asphalt to get a look under it. the problem they face is how to close the break. and water was gushing. >>> this will be affecting your commute throughout the course today on friday. lauren has been watching the roads telling us what to avoid. >> this break is massive. and repairs are underway, that will be between penn station and
of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t
it down the road for years. it's bad for the economy. it's bad for the country. i'm also optimistic because, when you look at what this country has, we have the same bright, talented people we've always had. we have the same great natural resources and history and ideals and values to lead for another generation, another century or many centuries. we have to get our governance together, and i think that's what the american people are saying, and i think on the signature question in terms of the fiscal reforms, the american people have spoken that they do concur with a balanced approach that includes new revenues as well as spending cuts. >> question to the congressman, if i may. i've always thought and heard from people in his cabinet and his office of management and budget people that this president has always wanted real entitlement reform. he believes in it. have i heard wrong or right on this? obviously, he wants revenue raising at the same time, but i think that he really understands that social security and medicare do need to be reformed in a way that, yes, it has to be polit
the economy strong and not shredding our nation pose a safety net. in fact, we will do it in a way where we make the key investments we need to make to grow the economy in a fair way. working together, we will invest in our small businesses and infrastructure to strengthen the middle class and create jobs. you know, there are entrepreneurs and small businesses that are the engine of growth in the nation and we have to do more to promote those true job-creators. working together. [cheers and applause] working together, we have got to win the global race. that means we have got to continue making those critical investments from early childhood to higher education to work force training to keep our nation positions ahead of all of our global competitors. but most of all, most of all, working together, we will remind virginians and all americans that our institutions of government can actually function again, that our leaders can set aside partisan politics and rise to the challenges that affect our nation. we know that as a commonwealth and as a country, we have been through tough times. we kn
were people who were still dissatisfied with the economy, with obama's performance, but they were not sold on romney saying that was the undecided voter. well, a week later, those people were saying they were for romney, and undecided were people who used to be for obama, but they didn't like his performance in the debate so they were undecided. it's a myth of saying who was undecided. i think we're going to analyze it, analyze it as persuadable voters. that's who it is, is not in the core of either party to be persuaded. the way we, as reporters, analyze undecided voters is ridiculous. number four, independents are no longer the swing group. i mean, look, romney won independents. in ski battleground states, carried the independent vote and lost. indidn'ts, the way they -- independents, the way they define themselves now in the era of strong partisanship lean slightly republican. if they split even or if democrats win it, it's a very good year for democrats. it's the mirror image of moderates. mote rads lean democratic, but they are a key swing vote. to me, look at those who call
can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the president will also have to contend with a major staff shake up. secretary of state hillary clinton and treasury secretary tim geithner have both said they're ready to move on, and there are also indications that mary schapiro will follow suit as well. dan lothian is following all these developments. good morning, dan. >> reporter: good morning. that's the game, i guess, that's played every time you have transition, every four years or so, inside washington. you start talking about what names will be replacing those who will be leaving. nothing official from the white house on this kind of movement, but one of the names that's been thrown around, senator john kerry, who helped the president prepare for the debates, has been talked about possibly going to state. there are other name
in sales at mcdonald's adding to troubles ahead for the american economy. up next, stu varney looks at yesterday's massive wall street selloff and why investors are scared about more than just that so-called fiscal cliff. ♪ it's time ronald joins his friends, but who will take pics of them? ♪ just like one big family, watch the birdie and you'll see; ♪ ronald, ronald mcdonald. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. megyn: fox news alert, troubling new signs about america's economic future with a big warning from giant employer mcdonald's. it comes just a day after we saw dramatic postelection selloff on wall street yesterday. as we investigated, we found signs of worry about big segments of our economy, and mcdonald's is reporting the first monthly drop in nearly a decade for the world's biggest hamburger chain. stu
prescription, given where our economy is. >> reporter: but raising taxes on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. tax cuts. tax cuts. try a tax cut. another $5 trillion tax cut that favors the wealthy. that's not changed. >> reporter: in her exclusive interview thursday, diane sawyer pressed the speaker on that. >> he campaigned on it. 60% of the voters have said that they are ready to raise these taxes. they are ready to have the wealthier americans pitch in here. >> i made clear yesterday that raising tax rates is unacceptable. >> reporter: the looming fiscal crisis has already affected financial markets, helping drive the dow below 13,000 for the first time since september. if a deal is not struck, virtually every american taxpayer will see a substantial increase in their taxes starting january 1st. but during the last debt negotiations, speaker boehner's hands were tied mostly because tea party conservatives opposed compromise. here's what he told george back
with governor romney. let me play it. >> if mitt romney cannot win in this economy, then the tips point habben reached. we have more takers than makers and it's over. >> i'm sorry, this is going to sound cruel, but some of the times i didn't like he was connecting with the material. i think you have to connect with the material. maybe it's people who have actually been in the trenches for decades, not just someone that was a success in business. >> in the trenches like a community organizer and not just a business guy? i mean, what is -- we in some kind of topsy-turvy world now suddenly his business background was nothing? >> there's a lot of rationalizing going on on the republican side because the win was much bigger than -- if they thought that obama was going to beat romney, that he would eek it out and they did not expect 303 and possible 332 electoral vote fs obama picks up florida. not one swing state went for romney. there's a lot of reflection taking place. many republicans i spoke to yet are out of their denial. they know that their coalition is white, that the white vote is decreasi
a fairer, simpler, cleaner tax code we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines any lines in the sand. he isn't going to draw any lines in the sand, i don't believe. we need to work together. >> the president said he believes the message that the americans sent in the election is that they want members of congress, both parties, to put aside their differences, find area areas of common ground. of course, that's easier said than done. we'll wait to see if the president can deliver on that, carol. >> should we expect a news conference soon with both the president and maybe -- oh, a republican like john boehner? >> reporter: you know, we've been asking whether or not there will be a press conference happening any time soon. so far, no confirmation of that. lock back over history. former president bush had a press conference about two days after he was re-elected, former president bill clinton had a press conference about three days after he was re-
cliff. it finds letting these bush tax cuts expire is the least harmful way to improve the economy. but the gop would rather see lower rates and eliminating loopholes. yesterday senator chuck smumer called it a rumpled stillskin fantasy. earlier this week the president gave a very heart-felt speech to his staff and even teared up a bit. >> you guys -- [ inaudible ]. and i'm really proud of that. i'm really proud of all of you. >> more bill is up after the break. stay with us. how are you ever going to solve the problem if you don't look at all of the pieces? >>tv and radio talk show host stephanie miller rounds out current's morning news block. >>you're welcome current tv audience for the visual candy. >>sharp tongue, quick whit and above all, politically direct. >>you just think there is no low they won't go to. oh, no. if al gore's watching today... at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? n
is the wrong prescription, given where our economy is. >> reporter: is it on the table to talk about? wealthier americans pitch in here. >> i made clear yesterday that raising tax rates is unacceptable and it couldn't even pass the house. putting increased revenues on the table, but through reforming our tax code. and i would do that, if the president were serious about solving our spending problem. and trying to secure our entitlement programs. the president and i have had various conversations. i'm confident that he and i can find the common ground necessary. >> reporter: so, you will talk about it, even if you believe it's the wrong approach, you'll talk about it. >> of course we'll talk about it. we talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows me. he knows that he and i can work together. the election's over. now it's time to get to work. >> reporter: and the speaker seemed confident that after this election, tea party members will be supportive of getting work done. so, i asked, will he still repeal o
cliff would, in the short term, drive the u.s. economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of
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